VMWare loses CEO, sees poor sales

Are VMWare's glory days of being the only virtualization suite provider around over? Many other vendors are trying to capitalize on the growing need for virtualization  Microsoft and Cisco to name some high-profile players  and it seems to be hurting VMWare. Recently, theyve had some serious setbacks, according to Fortune. It seems that the company has now lost its CEO, to be replaced by a former Microsoft employee. That's not where they are really hurting, however.

Where they are suffering the most is in value, with VMWare stock dropping considerably along with EMC (who owns most of VMWare) also reaching a low point. Due to this and increased competition from others, VMWare has revised their revenue expectations, which of course means they are expecting to sell less. This isn't the first time this has happened this year, either. Back in January they reported some dismal sales results.